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22.07.2025 10:19 AMTrend Analysis (Fig. 1)
On Tuesday, the market may begin to move downward from the 1.3489 level (closing of the previous daily candle), targeting the 23.6% pullback level at 1.3465 (red dashed line). Upon testing this level, the price may resume upward movement toward the 38.2% pullback level at 1.3525 (red dashed line).
Fig. 1 (Daily Chart)
Composite Analysis:
General Conclusion: Upward trend
Alternative Scenario:
From the 1.3489 level (closing of the previous daily candle), the price may begin to move downward toward the 8-period EMA at 1.3456 (thin red line). Upon testing this line, the price may start rising toward the 61.8% pullback level at 1.3529 (yellow dashed line).
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
